1714 NE 45TH AVE, Portland, OR 97213

$2,800,000
List Price
$2,800,000
Days on Market
76
MLS#
19232714
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Portland Northeast
Status
Bumpable Buyer

Property Description

The Hollywood 8 is a brand new, fully leased 8 unit multifamily property in the heart of the Hollywood District. Stylish, high-end contemporary finishes with an open concept design, state of the art engineered flooring, and high ceilings. The kitchen consists of stainless steel appliances, quartz countertops, eating bar, and soft pull cabinetry. The west-facing units experience stunning views of Downtown Portland and the waterfront.

Additional Information

Tax Amount
$25,210
Year Built
2018
High School
Grant
Elementary School
Beverly Cleary
Middle School
Beverly Cleary
Stories
4
Subdivision
Hollywood
Terms
Cash, Conventional
Cooling Description
Heat Pump
Fuel Description
Electricity
Heating Description
Mini Split
Hot Water Description
Tank
Roof Type
Rubber
Sewer Description
Public Sewer
Water Description
Public
View
City
Sq Ft Approximate Building Total
6750
Capitalization Rate
4.56
Operating Expenses Actual
52564
Gross Income Actual
180378
Gross Rent Multiplier
15.52
Net Income Actual
127814
Occupancy Types
Leased
Number Of Units Total
8
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1695
Unit Type One Sq Ft
875
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1835
Unit Type Two Sq Ft
755
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1839
Unit Type Three Sq Ft
930
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1984
Unit Type Four Sq Ft
963
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Beds Total
2
Unit Type Five Rent
2095
Unit Type Five Sq Ft
930
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of City and State Real Estate.

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